I am sure you are asking yourself the question as to why I am posting this on the SAFE Act, right? As a owner of rescued TB’s (all elderly) finding suitable property to lease with horses is impossible. There are no properties available with land, so even if we were to try and get more people to rescue our horses, they have absolutely no hope in finding suitable housing to do so.
What happened to all the homes foreclosed on when the housing bubble burst? Millions of people lost their homes and most of their life savings when the value of their homes plummeted during the most recent financial collapse. Many found they could not keep up with mortgage payments, either because they lost their jobs during the recession or because they were overextended financially for some other reason. Some would say many never should have been offered the loans in the first place. The fact remains that many people went from pursuing the “American Dream” of home ownership to struggling just to keep a roof over their heads by renting in a very short span of time.
The banks lost tons of money on loans that would never be paid in full, but they did have something very tangible in place of the money – the property. The real estate still…
View original post 1,027 more words